SC Response to Notice issued by Precious Amber International Berhad (“PAIB”)

announcement

Kuala Lumpur, 23 December 2025

The Securities Commission Malaysia (SC)has recently been made aware of certain statements made by Precious Amber International Berhad (PAIB) via its letter dated 12 November 2025 to its investors. The SC finds the letter, which involves the SC, to be inaccurate and misleading. In response, the SC has issued a letter to PAIB on the inaccuracies and, in addition, required PAIB to make necessary disclosures to its investors as to the status of their investments with PAIB.

The SC has, on 4 March 2025, issued a cease-and-desist directive to PAIB following the SC’s findings that PAIB was holding itself out as carrying on fund management activities which PAIB was not licensed to undertake in contravention of Section 58(1) of the Capital Markets & Services Act 2007 (CMSA). Consequently, the SC has also placed PAIB on the SC’s Investor Alert List http://www.sc.com.my/investor-alert.

The SC will take any appropriate action deemed necessary upon completion of due process. We would like to take this opportunity to remind investors to exercise caution when evaluating investment offers. The public are urged to report to the SC if they have been approached by suspicious and unlicensed persons offering capital market products at [email protected] or call +603-6204 8999.

SECURITIES COMMISSION MALAYSIA